Vietnam’s first electrolytic aluminium project has reached another major milestone, with the second phase of the 450,000-tonne-per-year (tpa) Da Nong project producing its first batch of molten primary aluminium on October 31, 2026. The milestone, achieved by China Nonferrous Metal Industry’s Foreign Engineering and Construction Co., Ltd. (NFC), which is the project’s general contractor, came four months and three days ahead of the contractual schedule, officially moving the second phase from construction to trial production. The latest development builds on the progress made during the first phase, which produced its first batch of molten primary aluminium on July 14. By September 15, all electrolytic cells in the first phase had successfully started producing aluminium. The second...
The London Metal Exchange (LME) aluminium price graph dipped across the pricing and contract segments on the November 2 trading session, reporting declines over the October 30 close . The Asian Reference Price and alumina Platts price, on the other hand, reported nearly 1 per cent gains. The LME aluminium cash bid price dipped by 0.63 per cent from USD 3,113.5 per tonne to USD 3,094 per tonne. The offer price moved from USD 3,114 per tonne to USD 3,095 per tonne, down 0.61 per cent day-on-day. Explore: Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The LME aluminium three-month bid advanced from USD 3,078 per tonne from USD 3,059.5 per tonne, decreasing by 0.6 per cent. The offer...
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International Aluminium Institute (IAI) has appointed two new members to the team to support the Association’s environmental awareness mission. Dr Paul Marsh becomes new Health, Safety & Environment Program Manager, while Lavinya Kugaswaran as Environment (Bauxite & Alumina) Program Manager. Dr Paul Marsh has experience in scientific and regulatory affairs within the metals industry and an MChem (Hons) and a DPhil in chemistry. Dr Paul will be responsible for overseeing the IAI’s broad science work programme. Institute mission include increased awareness to the unique circular nature of aluminium recyclability, promoting R&D into recycling aluminium, healthy, safe and environmentally sound production of aluminium and Communicate between agencies, members and other parties on global...
Sanjeev Gupta owned GFG Alliance’s deal with the Scottish Govt. stated that the government undertakes the cost of a 25- year electricity supply contract between Lochaber aluminium smelter and the adjoining hydro-plant. The key factor to acquire both the facilities by Sanjeev Gupta’s GFG Alliance in 2016 was the income stream. The Scottish ministers had expected the continued operation of the plant, which employs around 100 people and was acquired from Rio Tinto for £330m by Gupta’s GFG Alliance that will safeguard jobs in the region and allow for a sustainable metal production sector in Scotland. It was further reported that the deal incorporated the commitment of a new aluminium wheel factory, which will create a further 2000 job opportunities, unfortunately, neither eventuated. The...
Alcoa Corporation will supply low-carbon primary aluminum EcoLumTM to WKW Extrusion’s Erbslöh Aluminium for its new brand of semi-finished extrusion alloys. The products will help downstream industries improve the environmental footprint of their products and supply chains with low-carbon, sustainably produced aluminum. Erbslöh Aluminium, based in Germany, will use Alcoa’s low-carbon EcoLumTM for its own NEWTRAL® brand of alloys. The new brand will cut carbon dioxide emissions for customers in the automotive, industrial, furniture accessories, and consumer electronics industries. “Manufacturers and consumers continue to demand the use of more sustainable raw materials across the global supply chain, and our Sustana products continue to see growing interest among customers focused on...
Hindalco Industries Limited has reduced its aluminium ingot price by 3 per cent or INR 7,000 per tonne with effect from Friday, July 9, bringing it to INR 212,250 per tonne from INR 219,250 per tonne on July 3. With the latest cut, Hindalco is selling its aluminium wire rod at INR 223,350 per tonne, which is also down by 3 per cent or INR 7,000 per tonne from INR 230,350 per tonne almost a week ago. Hindalco’s aluminium billets price is currently standing at INR 219,350 per tonne against INR 226,350 per tonne on July 3. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which during July 1-8 fell from US$ 2,481 per tonne to US$ 2,435 per tonne. On a month-on-month basis, the price is down by US$ 4 per...
SMM aluminium ingot price stands at RMB 18850 per tonne on Friday, July 9, 2021, marking an increase of RMB 30 per tonne from Thursday’s price of RMB 18820 per tonne. The price is expected to move within a range of RMB 18830-18870 per tonne. In Foshan, the price has increased by RMB 20 per tonne to stand at RMB 18900 per tonne on Friday, July 9, 2021. In Wuxi and Hangzhou, the price has inched up by RMB 70 per tonne and RMB 60 per tonne to stand at RMB 18860 per tonne and RMB 18870 per tonne. Aluminium ingot prices in Chongqing, Shenyang, Tianjin, Linyi and Gongyi have increased to stand at RMB 18825per tonne, RMB 18830 per tonne, RMB 18860 per tonne, , RMB 18860 per tonne and RMB 18830 per tonne. Raw materials price of alumina, Australian Alumina FOB Price, Prebaked Anode Central, and Al...
Three-month LME aluminium fell 1.49 per cent to close at US$ 2,450.50 per tonne on Thursday. It is expected to trade between US$ 2,410-2,480 per tonne today. LME aluminium cash (bid) price and LME official settlement price extended decline for the third day in a row sharply by US$ 73.50 per tonne to close at US$ 2,435 per tonne on Thursday, July 8. 3-months bid price and 3-months offer price stood at US$ 2,450 per tonne, down by US$ 78 per tonne from US$ 2,528 per tonne on July 7. Dec 22 bid price and Dec 22 offer price plunged from US$ 2,499.50 per tonne to US$ 2,433.50 per tonne. LME aluminium opening stock decreased from 1526275 tonnes to 1517200 tonnes. Live Warrants totalled 907325 tonnes, while Cancelled Warrants stood at 609875 tonnes. LME aluminium 3-months Asian Reference Price...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, dropped 18,000 tonnes this week. The stocks stood at 858,000 tonnes as of Thursday, 08 July 2021. The chart below shows the status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Wuxi continued to contribute to the decrease, marking a drop of 18,000 tonnes. The inventories came in at 306,000 tonnes. Shanghai, Nanhai and Chongqing stocks fell by 2,000 tonnes, 5,000 tonnes and 1,000 tonnes to stand at 87,000 tonnes, 235,000 tonnes and 2,000 tonnes. Linyi stocks remained unchanged at 3,000 tonnes. Inventories of primary aluminium in Hangzhou, Gongyi and Tianjin stood at 91,000 tonnes, 62,000 tonnes and...
National Aluminium Company Limited’s (NALCO) aluminium ingot and aluminium products prices have extended their hikes for the third time in a row, from June 25 to July 7. With the latest rise on Wednesday, July 7, NALCO’s aluminium ingot price has come in at INR 217,750-221,250 per tonne, up by INR 4,900 per tonne or 2.30 per cent from INR 212,850-216,350 per tonne on June 30. NALCO’s aluminium wire rod and aluminium billets prices have also witnessed an increase of INR 4,900 per tonne on July 7. While the former is now standing at INR 221,250- 225,600 per tonne against INR 216,350-220,700 per tonne on June 30, the latter is ranging between INR 221,200-223,850 per tonne compared to INR 216,300-218,950 per tonne on the previous day. NALCO, like any other Indian aluminium producer, links its...
Three-month LME aluminium fell 0.74% to close at US$2,487.5 per tonne on Wednesday. SMM expects the contract to trade between US$2,480-2,560 per tonne today. As of Wednesday, July 7, LME aluminium cash (bid) price stands at US$ 2508.50per tonne, LME official settlement price stands at US$ 2508.50per tonne; 3-months bid price stands at US$ 2528 per tonne, 3-months offer price is US$ 2528 per tonne; Dec 22 bid price stands at US$ 2499.50 per tonne, and Dec 22 offer price stands at US$ 2499.50per tonne. The LME aluminium opening stock stood at 1526275 tonnes. Live Warrants totalled 908225tonnes and Cancelled Warrants were 618050 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2518.36per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE decreased to...
A00 aluminium ingot price in China has extended its decline by RMB 20 per tonne to come in at RMB 18,820 per tonne on Thursday, July 8, found the Shanghai Metals Market data. The average prices are expected to range between RMB 18,800 per tonne and RMB 18,840 per tonne, with spot contract to be traded at a premium price of RMB 50-10 per tonne. Except for Gongyi, the decline in primary aluminium ingot price today has touched upon all the major markets in China. Wuxi and Tianjin has witnessed a decrease of RMB 50 per tonne to RMB 18,790 per tonne and RMB 18,800 per tonne, while the price in Hangzhou and Chongqing has reduced by RMB 40 per tonne to stand at RMB 18,810 per tonne and RMB 18,795 per tonne, respectively. In Shenyang and Linyi, A00 aluminium ingot price has also decreased by RMB...
According to a report on Tuesday, July 6, China’s state metal reserves took only one of two days allotted of the auction to sell all the aluminium and copper that was on offer. Last month, the National Food and Strategic Reserves Administration announced that it would sell 50,000 tonnes of aluminium on July 5-6, as a measure to cool the metal price rally that resulted in a hike of raw material costs for Chinese manufacturers. The aluminium was split into around 200 lots. The auction of the last lot of 250 tonnes took place at 7:52 pm on Monday, showed a notice on the bidding platform operated by state-owned Norinco. The buyers of the metal from the auction are not known, although only manufacturers and fabricators were allowed to bid. One source at a state-run metals firm following the...
According to the International Aluminium Institute, primary aluminium production in North America stood at 329,000 tonnes during May 2021, reflecting a month-on-month increase of 2,000 tonnes or 0.61 per cent. In April, the output came in at 327,000 tonnes, down by 3.25 per cent from 338,000 tonnes in March. On a year-on-year calculation, on the other hand, primary aluminium production in North America during May 2021 edged a downfall of 4.91 per cent from 346,000 tonnes. In the first five months of 2021, primary aluminium production in North America totalled 1.642 million tonnes, down by 1.38 per cent from 1.665 million tonnes during the same period last year. In South America, primary aluminium production during May stood at 99,000 tonnes – 4,000 tonnes more than 95,000 tonnes in April....
SMM aluminium ingot dropped after two days of hike. The price stood at RMB 18840 per tonne on Wednesday, 07 July 2021, from RMB 19120 per tonne. That was down RMB 280 per tonne. The price is expected to move within a range of RMB 18820-18860 per tonne today. In Foshan and Wuxi, the price declined by RMB 280 per tonne each to stand at RMB 18910 per tonne and RMB 18840 per tonne on Wednesday, 07 July 2021. Aluminium prices in Hangzhou and Chongqing stood at RMB 18850 per tonne and 18835 per tonne, down RMB 280 per tonne and RMB 245 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi decreased to stand at RMB 18820 per tonne, RMB 18850 per tonne, RMB 18850 per tonne, and RMB 18740 per tonne on Wednesday, 07 July 2021. Aluminium Alloy (A356) price was down by RMB 300 per...
Three-month LME aluminium fell 2.03 per cent to close at US$ 2,506 per tonne on Tuesday. The contract is expected to trade between US$ 2,450-2,560 per tonne today. LME aluminium cash (bid) price and LME official settlement price dropped by US$ 10 per tonne to close at US$ 2,529.50 per tonne on Tuesday, July 6, following two consecutive days of hike. 3-months bid price and 3-months offer price stood at US$ 2,551 per tonne, down by US$ 7.50 per tonne from US$ 2,558.50 per tonne on July 5. Meanwhile, Dec 22 bid price and Dec 22 offer price inched up by US$ 1.50 per tonne from US$ 2,507.50 per tonne on July 5 to US$ 2,509 per tonne on July 6. LME aluminium opening stock decreased from 1552250 tonnes to 1538725 tonnes. Live Warrants totalled 933850 tonnes, while Cancelled Warrants stood at...
According to the International Aluminium Institute data, primary aluminium production in East & Central Europe during May 2021 stood at 351,000 tonnes. That was an increase of 2.93 per cent or 10,000 tonnes from 341,000 tonnes a month ago. The output in March was a little higher than April at 352,000 tonnes and up by 10.34 per cent from 319,000 tonnes in February. On a year-on-year calculation, on the other hand, primary aluminium production in East & Central Europe during May 2021 found flat, according to IAI data. In the first five months of the year, East & Central Europe produced 1.717 million tonnes of primary aluminium in total, which was 1 per cent less than 1.734 million tonnes during the same period last year. In West Europe, primary aluminium production during May came in at...
Vedanta has hiked its aluminium products price by more than 1%. With effect from Saturday, July 3 2021, the prices of some aluminium ingots have risen by INR 4,000 per tonne to stand at INR 219,750-232,750 per tonne, from INR 215,750-228,750- per tonne on July 2. The billets price stands at INR 227,750 per tonne on Thursday, July 3 2021, marking an increase of INR 4,000 per tonne from INR 223,750 per tonne on June 30. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price stood at US$ 2539.5 per tonne on Monday, July 5, from US$ 2519.5 per tonne on Friday. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a stake in Bharat...
Benchmark aluminium price on London Metal Exchange rose 0.79 per cent to US$ 2539.5 per tonne on Monday, July 5, from US$ 2519.5 per tonne on Friday. As of Monday, July 5, LME aluminium cash (bid) price stands at US$ 2539.50 per tonne, LME official settlement price stands at US$ 2539.50 per tonne; 3-months bid price stands at US$ 2558.50 per tonne, 3-months offer price is US$ 2558.50 per tonne; Dec 22 bid price stands at US$ 2507.50 per tonne, and Dec 22 offer price stands at US$ 2507.50per tonne. The LME aluminium opening stock stood at 1552250 tonnes. Live Warrants totalled 933850 tonnes and Cancelled Warrants were 618400 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 2568.86 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE decreased to...
The entire 10,000 tonnes of aluminium dross, a by-product of the aluminium smelting process, which stored in Mataura old paper mill site next to the Mataura River has been removed. David Parker, Environment Minister of New Zealand has welcomed the decision that on 30th July, the last bags of dross were moved from Mataura and stored in watertight shipping containers at New Zealand Aluminium Smelters' Tiwai Point. The Minister said: "The safe removal means Mataura residents no longer need to worry about the risk from the material, which gives off ammonia gas if it gets wet.” "I'm glad that the dross has now gone from Mataura and local residents don't need to worry any longer. The safe removal will protect the wellbeing of Southland's people and its waterways.” "Now that the Mataura site has...
